BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY . (PHOTO). #PRESS RELEASE.

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 FEDERAL MINISTRY OF INFORMATION AND NATIONAL ORIENTATION  PRESS STATEMENT  BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY  The Federal Government of Nigeria is aware of attempts by Binance to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations. In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company.  This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria. The facts of this matter remain that Binance is being inve
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PALLIATIVE: CASH TRANSFER IS A SCAM- GOV UBA SANI.(PHOTO).

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Palliative: Cash transfer is a scam- Gov Uba Sani


Governor Uba Sani of Kaduna State has said that plans by the Federal government to transfer N8,000 cash to 12 million poor Nigerians as a form of palliative to cushion the effect of fuel subsidy removal is a ‘scam’.


In an interview with Arise Television, Sani said there was no certainty of an accurate and updated database of the Nigerian people that will benefit from the scheme.


“My position has always been that, at this critical time, cash transfer should not be something that we should bring up. I think that cash transfer for me, in my opinion, is a scam. Completely it’s a scam. I can be very certain about that, because who are you transferring the money to?


Let me give an example, go and check the current statistics. Like I said, as the Chairman, Committee of Banking for four years in Nigeria, I oversight Central Bank, I oversight all the commercial sectors of our economy for the last four years and I looked at the statistics, I will be very firm on this issue and you can go and check it.


About 70 to 75 per cent of the rural population in North West are financially excluded completely. You will have to go and check, these people we are talking about are important people in the society. They do not even have a bank account so who are you transferring the money to?” he said 


The governor added that the social register has not been updated, giving a case study of the North West region, that about 70% of the rural population was not captured in 2019 due to insecurity. He said this as he defended the position of the National Executive Council (NEC) saying the social register lacked credibility.


“In my opinion, what we said was that the social register should be updated. If you are aware, some of the names were put together as far back as 2019. And of course, nothing is constant. For example, some local governments in my state are not captured largely because of the insecurity in the state, and believe me, truly, the social register lacks credibility,” he said

 

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